Copper prices have surged to $12,044 per ton on the London Metal Exchange, driven by mine shutdowns and trade disruptions. The increase comes as U.S. manufacturers stockpile copper in anticipation of potential tariffs reminiscent of those from the Trump era. Analysts report a 36% price increase in 2025, marking the largest jump since 2009.
Deutsche Bank and Morgan Stanley have issued warnings of a potential 600,000-ton copper deficit by 2026. Citigroup projects that copper prices could reach $15,000 within a year. The current market volatility has also sparked interest in altcoins, as investors seek alternatives amid the fluctuating metal market.
Copper Prices Surge Past $12,000 per Ton Amid Supply Concerns
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